Comment on Here's What Will Happen If We Don't Raise The Debt Ceiling

Here's What Will Happen If We Don't Raise The Debt Ceiling

The United States has already hit its debt ceiling--the legal limit of the amount of money it is allowed to borrow, as established by Congress. Right now, the U.S. Treasury is resorting to "extraordinary measures" to keep paying the country's bills. Sometime between February 15th and March 1st, the Bipartisan Policy Center projects, the Treasury's ability to use these "extraordinary measures" will end.

 

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